Exzeo Group Inc. 2026年季度报告

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May 1, 2026, the registrant had 90,918,430 shares of common stock, $0.001 par value per share, outstanding. EXPLANATORY NOTE Exzeo Group, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10‑Q/A (this “Amendment”) to the Quarterly Reporton Form 10‑Q for the quarter ended March 31, 2026, as originally filed with the Securities and Exchange Commission on May 7,2026 (“Original Filing”). This Amendment is being filed to revise certain disclosures in Management’s Discussion and Analysis ofFinancial Condition and Results of Operations (Item 2 of Part I). These revisions relate solely to the presentation of tabulardisclosures for the “Cost of Revenue,” “Operating Expenses,” “Investment Income,” “Income Tax,” “Adjusted EBITDA,” In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, this Amendment sets forth the complete text of Item 2as amended. In addition, as required by Rule 12b-15 of the Securities and Exchange Act of 1934, as amended (the “ExchangeAct”), new certifications by the Company’s principal executive officer and principal financial officer are filed herewith as exhibitsto this Amendment, under Item 6 hereof, pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. Because this Amendment Other than as expressly set forth herein, this Amendment does not, and does not purport to, amend, update or restate theinformation in the Original Filing or reflect any events that have occurred after the Original Filing was made. Information notaffected by this Amendment remains unchanged and reflects the disclosures made at the time as of which the Original Filing was Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with ourunaudited interim Consolidated Financial Statements and the related notes included elsewhere in this Quarterly Report on Form10-Q ("Quarterly Report") and in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SECon February 26, 2026 ("2025 Annual Report"). This section is intended to provide management’s perspective on our financial Special Note Regarding Forward-Looking Statements This Quarterly Report contains forward-looking statements within the meaning of the federal securities laws. All statementscontained in this Quarterly Report, other than statements of historical fact, including statements regarding our future results ofoperations, financial position, market opportunity, business strategy, plans, objectives, and factors affecting our performance areforward-looking statements. In some cases, forward-looking statements can be identified by words such as "may," "will," "should," These forward-looking statements are based on management's current expectations, assumptions, estimates and projections. Whilewe believe these expectations and assumptions are based on reasonable information, forward-looking statements are inherentlypredictive in nature and involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results,performance, or achievements may differ materially from those expressed or implied by these forward-looking statements as a Factors that could cause actual results or events to differ materially include, among others, our ability to maintain profitability andmanage fluctuations in operating results on a quarterly or annual basis; our dependence on a limited number of customers for asubstantial portion of our revenue; our ability to retain existing customers and attract new customers; and our continued reliance onaffiliated customers. Our future performance also depends on the successful development, enhancement, and scalability of our In addition, we operate in a highly competitive and regulated environment. Competitive pressures, consolidation within theinsurance industry, regulatory scrutiny of delegated authority and claims administration functions, and evolving data privacy andcybersecurity requirements could adversely affect our business, financial condition, and results of operations. Natural catastrophes,environmental risks, and climate-related events may significantly impact our customers’ P&C insurance operations, which could inturn affect demand for our products and services. Our business also depends on the reliability and security of our information Our ownership structure further presents additional risks. HCI controls the direction of our business through its ownership interests,and this concentrated ownership